News

Richard and Robert Watson

The Foyle Food Group is busy keeping Britain's homes supplied with Sunday roasts. The Londonderry-based company has been providing beef and lamb to retailers such as Tesco, and food processors across Europe, for more than 40 years. Its brands include Foyle Meats, Hilton Meats Cookstown and Omagh Meats. Richard, 41, and Robert Watson, 49, are directors, with Walter Acheson, and the group is a partner in Hilton Meats Retail in England and Hilton Meats Zaandam in Holland. We value the company at £76m and the Watson family stake at £38m. Past dividends and other assets take the family to £40m.